Below you will find pages that utilize the taxonomy term “security”
The Dangers of Backdoors in ERC20 Smart Contracts: A closer look at the SAND token contract 🚪🔙⚠️🤔💻
Smart contracts on the Ethereum blockchain have revolutionized the way we think about decentralized applications, but with this innovation comes a new set of security concerns. One vulnerability that has been identified in smart contracts is the presence of “backdoors.” A backdoor is a hidden provision in the contract code that allows certain individuals to bypass security restrictions and perform actions that would not be allowed for regular users. An example of a backdoor in a smart contract is the use of “super operators.
The Ransomware Debate: Paying the Ransom vs. Taking Your Chances 💰💻🔒🤝🆚💸🤞
Ransomware attacks have been on the rise in recent years, with hackers targeting both individuals and organizations. The attackers typically encrypt the victim’s files and demand payment in exchange for the decryption key. The decision to pay the ransom or not can be a difficult one for individuals and businesses alike, and the debate surrounding the issue is ongoing. Paying the Ransom One argument for paying the ransom is that it may be the quickest way to regain access to important files.